Compagnie Lombard Odier SCmA Makes New $3.91 Million Investment in American International Group, Inc. (NYSE:AIG)

Compagnie Lombard Odier SCmA acquired a new position in American International Group, Inc. (NYSE:AIG - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 45,000 shares of the insurance provider's stock, valued at approximately $3,912,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital Research Global Investors grew its position in shares of American International Group by 1.4% during the 4th quarter. Capital Research Global Investors now owns 34,890,814 shares of the insurance provider's stock valued at $2,540,050,000 after acquiring an additional 482,724 shares during the period. Wellington Management Group LLP boosted its holdings in American International Group by 7.2% in the 4th quarter. Wellington Management Group LLP now owns 26,805,310 shares of the insurance provider's stock worth $1,951,427,000 after buying an additional 1,791,964 shares during the period. Diamond Hill Capital Management Inc. boosted its holdings in American International Group by 3.4% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 14,147,050 shares of the insurance provider's stock worth $1,029,905,000 after buying an additional 461,912 shares during the period. Franklin Resources Inc. lifted its stake in American International Group by 14.0% in the 4th quarter. Franklin Resources Inc. now owns 10,446,819 shares of the insurance provider's stock worth $760,528,000 after purchasing an additional 1,284,354 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of American International Group during the 4th quarter valued at $718,013,000. 90.60% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AIG shares. Hsbc Global Res upgraded shares of American International Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Evercore ISI raised their price objective on shares of American International Group from $81.00 to $89.00 and gave the company an "in-line" rating in a research report on Tuesday, April 1st. Keefe, Bruyette & Woods raised their price objective on shares of American International Group from $94.00 to $97.00 and gave the company an "outperform" rating in a research report on Thursday, May 8th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $91.00 target price (up previously from $83.00) on shares of American International Group in a report on Tuesday, April 8th. Finally, Jefferies Financial Group increased their target price on shares of American International Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Friday, April 11th. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.12.

Insider Activity

In other news, EVP Christopher Flatt sold 46,182 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $83.26, for a total transaction of $3,845,113.32. Following the transaction, the executive vice president now owns 21,400 shares of the company's stock, valued at approximately $1,781,764. The trade was a 68.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.50% of the company's stock.

American International Group Trading Down 1.0%

Shares of AIG traded down $0.83 during midday trading on Friday, hitting $84.52. The stock had a trading volume of 2,345,290 shares, compared to its average volume of 4,409,968. The stock's 50 day moving average is $82.69 and its 200 day moving average is $78.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $48.71 billion, a PE ratio of -40.63, a price-to-earnings-growth ratio of 1.01 and a beta of 0.64. American International Group, Inc. has a 1 year low of $69.00 and a 1 year high of $88.07.

American International Group (NYSE:AIG - Get Free Report) last issued its earnings results on Thursday, May 1st. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.13. American International Group had a negative net margin of 4.25% and a positive return on equity of 8.01%. The company had revenue of $6.77 billion for the quarter, compared to analysts' expectations of $6.89 billion. During the same period in the prior year, the business earned $1.25 EPS. As a group, analysts forecast that American International Group, Inc. will post 6.24 EPS for the current fiscal year.

American International Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a dividend of $0.45 per share. The ex-dividend date is Friday, June 13th. This is a positive change from American International Group's previous quarterly dividend of $0.40. This represents a $1.80 dividend on an annualized basis and a yield of 2.13%. American International Group's dividend payout ratio (DPR) is currently -67.67%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers' compensation, excess casualty, and crisis management insurance products; and professional liability insurance.